Nextech3D.AI reports 7M revenue of $450,000

Nextech3D.AI (NEXCF) announced unaudited revenue for the seven month period from August 31, to March 31, reached $450,000, with a gross margin of 95% from the previous audited fiscal year’s revenue of $126,000 and a gross margin of 90%, which ended August 31. This marks a robust +257% increase in unaudited revenue for subsidiary, ARway (ARWYF). The company said, “This robust growth underscores the successful integration of Map D’s technology and services into ARway’s operations, further solidifying ARway’s position in the 3D mapping spatial computing and AR navigation market. This substantial increase in revenue can be attributed to the synergistic benefits of the Map D acquisition, which expanded its product offerings, enhanced its technological capabilities, and broadened its market reach.” Key Financial Highlights: Unaudited revenue: $450,000 with a 95% gross margin or $427,000. Revenue growth:$324,000 increase, representing a 257% gain over seven months. Gross margin increased by 5% year over year to 95%